Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q4 2023 Earnings Presentation
8 slides from Motorsport Games's earnings presentation, Apr 1, 2024
Slide 1: Q4 and Full Year 2023 Results
Q4 and Full Year 2023 Results motorsportgames April 1, 2024 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2023 Form 10-K, filed with the SEC and Q4 and full-year 2023 earnings release for more complete information on th
Slide 2: Q4 2023 Highlights
Q4 2023 Highlights Financial Highlights • Q4 2023 Revenues of $1.7 million • Q4 2023 Net income was $2.7 million • Q4 2023 Adjusted EBITDA gain was $0.5 million* • Q4 2023 EPS was a gain of $1.35 vs. a loss of $4.17 for Q4 2022 Key Highlights and Subsequent Business Update • Expense reductions under
Slide 3: Q4 2023 Results
Q4 2023 Results (CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS: Three Months Ended For the Year Ended December 31, December 31, 2023 2022 2023 2022 Revenues $ 1747318 S$ 3770681 S$ 6,909,674 $10,324,559 Dost of revenues 674,113 1,487,498 3,620,495 4,960,317 Gross Profit 1,073,205 2,283,143 3,289,1
Slide 4: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 4
Slide 5: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 5
Slide 6: Liquidity
Liquidity • As of December 31, 2023 and March 29, 2024, the Company had approximately $1.7 million and $1.3 million, respectively, of available cash on hand. • The Company’s Form 10-K for the year ended December 31, 2023 discloses that there is substantial doubt about the Company’s ability to contin
Slide 7: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. (“Motorsport Games,” “us,” “our,” “we” or the “Company”). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the “SEC”), including our Annu
Slide 8: Legal Disclosures
LEGAL DISCLOSURES FORWARD-LOOKING STATEMENTS (CONT): Examples of such risks and uncertainties include, but are not limited to: (i) difficulties, delays or less than expected results in achieving the Company’s growth plans, objectives and expectations, such as due to decreased sales of the Company’s